On October 27, 2014, Sai Gon Fuel Joint Stock Company officially received the approval for public tender offer from the State Securities Commission. Therefore, the Company promptly disclosed information about the tender offer and will fulfill procedures:
1) Bidder: S.T.S
Petroleum and Logistics Service Joint Stock Company
- Head
office: 6 Le Thanh Ton, Ben Nghe Ward, District 1, HCMC
2) Information
about the tender offer:
- Stock:
Stock of Sai
Gon Fuel Joint Stock Company
- Stock
code: SFC
- Relation
of Bidder and the tender offer: S.T.S Petroleum and Logistics
Service Joint Stock Company is major shareholder of Sai Gon Fuel
Joint Stock Company
- Currently,
number of holding shares of S.T.S Petroleum and Logistics Service
JSC: 2,774,178 shares (24.56% of total outstanding shares of SFC)
- Number
of shares registered to be purchased: 2,984,466 shares (26.43% of outstanding
shares of SFC)
- Bid price: VND31,000/share
- Financial resource for the
tender offer: owner’s equity
- Purpose: to develop petroleum
distribution network
- Trading time: from October
31, 2014 to December 01, 2014
- Agent for tender offer: Dong A
Securities Company Ltd.
